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20120901
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Search Results 0 to 32 of about 33 (some duplicates have been removed)
FOX Business
Sep 16, 2012 2:30am EDT
their own banks, including banks in the united states. not worrying enough about what's affecting the people on the ground. but the reality is the united states has skin in this game. a fifth of our export economy is dependent on europe and our exports have recently dropped by 11% because of the trouble in europe. so like it or not, and no matter how we got in this mess, we've got to help solve it. >> jonathan, i made the point earlier that -- >> we're all in this together. that's the dot, dot, dot of what sally was saying. we're all in it together. we got to bail people out, otherwise reality might issue god forbid, assert itself. it always does. all these bailouts have failed. talk about another bailout for greece, greece has already been bailed out two times in the last two years! we have ongoing bailouts to tracy's point, of freddie and fannie, gm, the taxpayers have lost billions. it creates the moral hazard that we talked about, going back to 2007 when this began under the prior to the president. it needs to stop and people need to take responsibility for their own actions. individuals
CNBC
Sep 12, 2012 2:00pm EDT
. in the united states we do need to bring the deficit down but we need sort of a fiscal ladder to bring it down 1% at a time. have you an economy that's shrinking, the best thing to do is to stop trying to cut the deficit of the current year, get growth going. then once you have 1% to 2% growth -- >> the trouble is you have to allow for economies to restructure. so if you don't bring -- in some cases, for example, with greece -- i'm sure michelle will tell us in spain as well -- if you don't cut back some of that government spending, you don't force any restructuring that's necessary to lay the foundation for growth. >> that's absolutely right. >> i can give you an important example of restructuring, guys? >> go ahead, michelle. >> here in spain, they have finally reformed some of the labor market. i was speaking with a labor attorney today. he said two years ago i was speaking with american multi-national subsidiary. they needed to cut their spending here in spain by 10%. they wanted to cut everybody's salary by 10% but very restrictive union collective bargaining agreements and labor laws do no
FOX Business
Sep 14, 2012 1:00pm EDT
smoke coming out of the u.s. embassy. they have replaced the united state flag. there are also reports they have taken over an american school there as well. fox is trying to confirm all of this. it is similar to what we are seeing and other countries, in particular lebanon. at least one person was killed in the protest. many more were wounded. this comes as pope benedict xvi arrived in lebanon. protesters they were seen ripping up his picture ahead of his visit to lebanon. here in afghanistan, we feared there would be widespread violence. so far, those have not materialized. it has been very peaceful here in kabul. there are real concerns that the rights will spread to afghanistan or pakistan in the coming days. melissa: connor, thank you for that report. lori: these are trying times, that is for sure. let's see how the markets are reacting. nicole petallides is on the floor of the new york stock exchange. nicole: we are keeping a close eye on some of the office product retailers. there is news. the first set of news is stapled it now has private equity firms interested in taking it p
CNBC
Sep 12, 2012 9:00am EDT
in the united states. some indexes they watch on a weekly basis have been lower recently and that will fuel a lot of talk about a bit of a slowdown. front-running the fed, guys, did you see what happened yesterday? i pointed out some of the biggest etfs in the high yield area. i'm talking about j&k had heavy volume and hitting new highs. why is that happening? a lot of people believe at the minimum the fed is going to extend forward guidance to keep interest rates low to at least 2015. all of that would be a big beneficiary to high-yield funds who are forcing people to go out on the yield curve. this is one simple way people are already anticipating exactly what the fmoc is going to be doing. back to you. >> terrific, bob. got to ask rick. looks like people sell bond, shift bonds to the dollar. rick is at cm group in chicago. >> thank you. i guess we should welcome europe to the same club the u.s. is in. lots of liquidity. maybe more liquidity coming. and a generally weak economy. welcome to the club. if you look at our charts, they pretty much reflect a lot of what central banking is doing
FOX Business
Sep 25, 2012 11:00am EDT
. dagen: china looking to put an end to the united states domination of the western pacific by expanding its navy presence, forcing the u.s. to send a significant number of troops to the region in response. connell: fox news adam housely is with us now in san diego with the latest on that. adam? >> yeah, connell and dagen it's one of those stories that's kind of flown under the radar a bit because so much is going on in middle east and on going operations in afghanistan but it is extremely important in the pacific because china is doing what it can to really increase its reach if you will because they are going for more resources as we know and more influence in the region. over the course of the last 20 years they have increased their defense spending by 15%. and today they actually unveiled officially their first ever aircraft carrier, actually purchased from the russians and then refurbished by china. it is important because china because of this reach there are problems now with -- water gun attacks in the last days and as well as disputed islands with japan, both sending ships with
CNBC
Sep 18, 2012 6:00am EDT
to us by the congress of the united states which represents the american people. >> what does that mean in terms of numbers? >> 2% growth. >> are we at two? kevin was very careful, he went 1.5 to 1.75. >> that's very precise. >> i want basis points. >> decimal points is silly stuff, come on, joe. >> i know. >> there is positive growth, it's just not robust and the key point, it's not enough to create the jobs we need in this country. now, i argue and i argue forcefully, i'll give a speech on this tomorrow night here in new york, the reason we have so much uncertainty is not just uncertainty about europe and uncertainty about the slowdown in china, these are important things. the real uncertainty stems from what are my taxes going to be? what kind of spending pattern also come out of the federal government, how do i deal with this explosion of regulatory morass we have coming out of washington. how do you budget whether you are exxon or a little bitty 20-person company, how does the woman who runs that company or the man who runs that company budget when they have no idea what their cost
FOX Business
Sep 17, 2012 1:00pm EDT
been going in terms of violence, and also, he says this is not over yet because if the united states does not respond appropriately to his mind, which means punishing those involved with this film, he says these protests could continue. i said, what do you want to have dope to the filmmakers? he said, well, i'd like to see them tried in front of a sharia court meaning if they don't repent for insulting the prophet, he thinks they should be executed. that shows how quickly, simply how a jihadist leader talks about an anti-american protest brings out a few thousand people in front of the u.s. embassy. that shows the ground swell of anti-americanism now taking place in cairo. back to you. tracy: leeland, out in cay row, thank you very much. ashley: continuing with rising tensions in the middle east, oil traders growing more concerned as conflicts spread west to oil rich nigeria. phil flynn has more on this. are you concerned then, phil, what's going on in nigeria? >> i am right now. see, egypt doesn't produce a lot of oil, and because we built in good buffer of supply in case of a disru
FOX Business
Sep 21, 2012 11:00am EDT
of people protesting this anti-muslim film made here in the united states. dagen: rick leventhal from fox news joins us live. rick. >> the pakistani government declared today a national holiday, love for the prophet. nonviolence, but things got ugly fast. and across the streets of pakistan including islamabad to keep protesters from approaching the consulate there. and demonstrations in karachi, five movie theaters were burned and a couple of banks on fire. and one officer killed there. and in peshawar, hundreds of demonstrators set movie theaters on fire and police used tear gas. at some point opened the fire on the people and hit a pakistani news vehicle and killed the driver there. and they were marching through the streets and protesting the anti-muslim film and burned a makeshift coffin draped with an american flag and burned an effigy of president obama and around middle east and africa and security has been beefed up at a number of u.s. and western embassies around the region as a precaution, guys. dagen: rick, thank you for that reporting. connell: and nicole, the new york stock e
CNBC
Sep 24, 2012 4:00am EDT
doing well and running their plants at full capacity. obviously helped from sales in the united states and china. and then you have the latins, french and italians facing substantial issues of sales and excess capacity. fiat closed a factory in siscil, but that was done at financial costs. >> as an investor, all the political pressure to stay in italy comes potentially at what might be in the company's best interests longer term. >> i think will is really the issue. i think one of the quid pro quo for closing the plant in sicily was to actually at least bring more production back into italy from poland and this is the new one they started producing at the beginning of the year and they already announced short time working so it's still not selling. >> is that reflective of concerns in europe or does it scare with what we heard out of daimler which was talk about slowing europe and china sales trends. >> daimler and mercedes specifically highlighted problems in southern europe. that plays into fiat's main market. >> and meanwhile journalist who had the story we're talking about fiat now
FOX Business
Sep 26, 2012 9:20am EDT
economy and that's why the united states must do what we must to prevent iran from obtaining a nuclear weapon. >> and that's president obama speaking at the u.n. yesterday and ahmadinejad speaks today. in the next hour, the american muslim's response from the american islamic forum for democracy. joining us at 10:15. and elizabeth warren making headlines again, but do you remember this? >> in this country, who got rich on his own, nobody. you built a factory out there good for you, but i want to be clear, you moved your goods to markets on the roads to paid for. >> the woman who started the income envy debate with that rant. turns out she was getting paid by a steel company and that against the unions. could it be true? and that's not all. questions whether she's licensed to practice law. that is just one of our new at ten stories. and then we have barnes & noble. it's got a lighter and thinner e-reader. so, nicole, is the stock up? >> oh, yeah, the stock is up lighter, thinner, high def. you want 7 inches, you want 9 inches, want to be able to read in the dark and do you want a strong
CNBC
Sep 24, 2012 1:00pm EDT
of factory jobs are like that in the united states. that's the nature of a factory. >> one final question, if i might. how long does your intelligence indicate that this plant may be offline? >> that's the critical question. they were saying it could be up as soon as tomorrow. i actually think we've not heard the end of this news. i think we'll see more bad news regarding nurse which could theoretically keep this factory closed for up to a week or maybe more if we end up seeing deaths. >> gentlemen, thank you very much. appreciate you being with us. >> ty, as you know, another big apple story today, the company selling more of its 5 million iphone 5s in the first three days after that product was launched. a note from jpmorgan says, by the way, that that does not include pre-orders, and then there's yahoo!. the shares of yahoo! today are on the upside by more than 5% in a month as the new ceo, marisa mayer, gets set to address the troops tomorrow. jon fortt is helping us get ahead of this particular story. >> tomorrow's meeting is only for employees, not inviting the media, not asking dir
FOX Business
Sep 11, 2012 11:00am EDT
about the united states and how that relates to what israel does against iran and what we do again to stop iran from developing nuclear weapons? >> it is a really interesting statement from netanyahu. hillary clinton came out yesterday and said no deadlines. i think the israelis want a firm deadline from the united states on when we will do military action because ultimately if you look at this operation, yes, the israelis can hit something, yes, they can do some damage, but only with the united states, only with our b-1 bombers and cruise missiles can you do significant long-term damage to the nuclear facilities in iran. so the question is, yes, the israelis could go alone, but it is always far more optimal to get on board with the united states. so i think this issue is going to remain a live issue into 2013, because i don't see how we have an off ramp. dagen: right. helima terrific to see you. we covered so much in little time. next time more time i promise. >> thanks. connell: new book that's come out from bob woodward. we will talk about that book on the day in which boehner h
FOX Business
Sep 19, 2012 11:00am EDT
of the united states redistributed more income than we have today. connell: let me stop you for one second -- >> -- that's why the economy is having so many problems. connell: and the reason is i want to explain the chart. brian gave us this chart to tell you what you are looking at. government spending percentage of the economy versus stocks, versus the dow. >> yep. connell: so the yellow line is stocks. do you see where it is going up there? going all the way back to the 60s. and the blue line is government spending. it tells you what, brian? >> yeah, it's very very clear, if you look at that chart. back when lbj, lyndon johnson became president in 1965, we passed the great society programs, government spending shot up, and the stock market went nowhere for 17 years. then ronald reagan came in and even bill clinton lowered and reduced spending as a share of gdp, and the stock market exploded, and now in the last decade, under president bush and then obama, government spending has shot up again. no wonder stocks have been flat for the past decade. connell: they have been for a long time.
FOX Business
Sep 24, 2012 11:00am EDT
: all electric. i can understand the resistance in the united states. if we're talking about other countries, fair enough. and that's been its niche market. charles: it is a niche market but big enough market for an individual company like tesla where if you are trying to ram them down everybody's throats ala the volt. i think anybody who buys the roadster isn't going to be worried about the distance on the charge, the cost. when you have 100 grand to blow on a car, those are things that you aren't really --. i think the stock goes to 38. cheryl: thank you very much, charles. we will see you next hour. it is quarter past the hour right now. stocks now and every 15 minutes. nicole: this stock is doing really well today, take a look at the shares are faring right now. tivo has come to an agreement with verizon. it said that verizon actually agreed to pay over 250 million dollars to settle pending patent litigation over video services. considered great news for tivo, up about 5% today. let's take a look at major market averages right now. the dow jones industrial average down 25 point
FOX Business
Sep 24, 2012 1:00pm EDT
countries like the united states are already past the 50% penetration market. you got the smart phone. the incremental advantage of a new one, you know, is much less than the advantage for the future phone to a smart phone. >> people always trade up. you don't have total saturation. if you have one, you expect to get the new model, you drop it, you break it, it's note like you're not going to get another one. the expectations, the growth is exploding. 50 million iphones sold in the december quarter; right? that's the base bar. you know, that's the expectation. apple needs to beat that hurdle to keep forward momentum. when you only sold 150 million total units in the june quarter alone, worldwide among all the vendors, a third of the marketplace, is it poll? of course it is, but can they make them fast enough? that's the issue. >> is there backlash setting in for apple? i was watching tv in the samsung galaxy commercial makes fun of the people waiting in line for the iphone5. everywhere you go, you see the galaxy posters, point your phone up, and you get five free songs. there's fierce
CNBC
Sep 4, 2012 1:00pm EDT
limited in the united states. and shares of ford and gm, one more thing to keep in mind, these stocks might be getting bounce in part because on the conference calls between ford and gm, their pickup sales were improving because of the housing market, a slight recovery there. it's a little early to say a big bounce but there is positive signs of the housing market helping pickup truck sales. >> thank you. >>> now, it is the democrats' turn. delegates are getting settled down in charlotte, north carolina and our chief washington correspondent is in nascar country live. john. >> reporter: this is the week democrats get to answer all the grief they took from republicans last week, largely about the economy. it's a complicated question. paul ryan was on the campaign trail yesterday posing the question ronald reagan posed to jimmy carter very devastatingly effective at that time. here's paul ryan. >> when you take a look at what we're going to hear in charlotte today, the president can say a lot of things, and he will, but he can't tell you that you're better off. simply put, the jimmy car
CNBC
Sep 21, 2012 6:00am EDT
of a significant downturn in the united states economy. >> so if you have a downturn, there's a possibility that you don't have that right mix and that you could have a downturn. the odds of that are comparatively low but i worry about it because it's significant possibility. i described it as though, imagine you're on an airplane that's flying from here to los angeles, you're probably going to get there okay but if you hit an air pocket and meaning if the economy goes down, there's not an easy way to reverse it. monetary policy is less effective because when you buy a bond, when the federal reserve makes a purchase, that has the effect of giving money to somebody who won't put that money into something like that bond. and that money does not easily go to people who spend it, that's a balance between monetary and fiscal policy and i worry about the policymakers getting that balance right. that's a possibility and a scary possibility. other than that, i think the most likely situation is we will fly successfully from here to los angeles essentially but we have longer risks. you need a balanc
CNBC
Sep 27, 2012 9:00am EDT
. but here in the united states, with respect to the rally, i'm getting a large number of questions. we're getting a large number of questions about whether or not the stimulus boost from federal reserve easing is what it used to be, so to speak. i would remind people take a look at the last couple of instances, we've had similar measures. we've had similar instances of people wondering whether the fed was -- if i had $1 for every time we talked about the fed being out of bullets, i'd have lots of dollars. and we're going through that again. >> they would all be worth less. >> the previous dollar, yes. >> less than maybe ten years ago. not necessarily less than five years ago. >> shame on you for that populist comment there that you should be cutting taxes in europe. at what point do you think the spanish are going to cut taxes given the situation that they're in? shame on you for appealing to your republican base in such a shameless way. >> btig's clients would be interested to know that i had a republican base, but listen. at the end of the day, there isn't a sort of a one-size-fits-a
CNBC
Sep 5, 2012 9:00am EDT
of the market. it is in the hands of the eflt cb not the hands of united states. >> we should point out tomorrow we will get some sort of plan or are expecting to from the ecb perhaps some details about a bond buying plan of some kind that we're hearing some things about today. the market may be disappointed in that these reports seem to indicate they'd be targeting three years and less in terms of maturity. that they would not have a yield target perhaps, say we're not going to let it go above 7%, and that it would be sterilized purchases. there are some who believe, hey, you need to actually increase the money supply. really if you're going to get things moving in europe but of course the germans are always concerned about inflation and sterilization which basically means they'll try and take in as much in deposits as they buy in bonds. sort of keeping -- >> somebody tweeted this morning fed bernanke needs to show them how you really print money. and, jim, one other facet of this report is that the head of the bach the german still remains the one lone hold out to this bond buying policy meani
FOX Business
Sep 5, 2012 1:00pm EDT
in business and financial debt in the future. it will sink our economies, all of us, europe, united states, everybody. lori: harry dent, many thanks for your time and analysis. your forecasting is always great. melissa, chorus is growing louder of private debt bubbles. he makes a great point. melissa: he really does. when comes to gold competitiveness the u.s. is failing again. up next find out where we rank and why the drop and we'll get the take from lou dobbs on all of it. lori: i mentioned in the shot that european yields are coming down. here in the u.s. they're unchanged. we saw buying earlier on some weaker, if you will, economic news. the productivity was sky-high but of course wage growth was muted that is a huge disappointment. our bosses are squeezing everything they can out of us. back with more after this. lori: you're going to get in hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> i'm cher
FOX Business
Sep 20, 2012 11:00am EDT
, and even this year, abroad in markets, europe or the united states, and so there's tremendous amount of appetite in china, and also, begin the rise in wealth, the absolute population, there's very few resort locations in most of asia. we're seeing a tremendous growth in demand, whether it's china, bali, coast of thailand, and here as well. >> well, the united states is still the number one market. how do you feel about the domestic u.s. economy? and the stock, itself, over the last year, your stock up 35%. do you feel you can keep the growth going for shareholders? >> yeah, so first of all, in terms of u.s. market, here's what's going on. the u.s. economy, clearly, in a slow recovery, relative to the depth of the recession that we all went through in 2009. on the other hand, for more than a decade now, unlike other forms of commercial real estate, the hotel market has not been built out. it's been built out actually below trend line over the time period. although we look at 8% plus unemployment in the u.s., we're looking at occupancies that feel more like a late business cycle meanin
CNBC
Sep 6, 2012 9:00am EDT
's the best case scenario. >> does allow us to focus on the united states. >> exactly. >> we're probably doing better than any economy in the world. >> you're not trying to whistle past graveyards on that front, right? you're not trying to ignore europe. >> melissa mentioned the trading perspective. i think that the traders are saying, okay, now, what do we have here, and when we look at here, well, why don't we see with the steel industry, the auto industry. we focus -- the fill lebeau interview was incredibly important where allan mull ha ly says europe, we don't have it. the truth is united states has it. 14.5 million vehicles. that is a bull market in cars. >> right. >> we are talking about this upgrade today. sun trust, why is sun trust upgraded? i think that's very significant, not just because my trust owns it, but i'm looking at sun trust saying that is, again, the housing market in the south because the federal reserve didn't like sun trust. housing, autos, retail. what else do we need? >> right. >> well, we could use china to start growing a little bit faster instead of going the oth
CNBC
Sep 12, 2012 6:00am EDT
tarp was one of the worst economic decisions in the history of the united states. >> okay. so like i said, he does not hold back on anything he's thinking about. he will be our guest host for two hours today, and that begins at 7:00 eastern. we are also going to be talking finance with the ceo of cowen and company, jeffrey solomon, and bill isaac. plus the state of innovation, steve case will be joining us live at 7:30 eastern time. so we have a big show ahead. before we get to all of that, let's get you up to speed on the morning's headlines. andrew, good morning. >> thanks, becky. good morning to you. we will get you caught up on some of the big headlines. germany's highest court ruling that the country can ratify the new permanent european bailout fund, but there are conditions to germany's participation. here's the important part. parliament will have veto power over any future increases. we'll have more on that story in just a few moments. back here in the u.s., the fed is beginning to begin convening a two-day policy setting meeting in washington. market expectations high. many
CNBC
Sep 5, 2012 4:00am EDT
as well as in the united states. >> markets saying these figures point to eurozone contraction of 0.5% in qe. what's your outlook? >> it's in line with our numbers. we think for the full year the eurozone contracts at 0.4% rate, so not far off what you suggested and that seems to be consistent with the underlying data coming in. no real revisions just yet but we'll watch and wait. >> what about 2013, is that a year -- 2012 we see europe broadly contracting. what about 2013? >> a lot hinges on the global environment. hinges on whether the u.s. can slowly grow and maybe grow a bit faster. whether china can begin to pick up steam. external stories can be critical for europe. >> larry will stay with us. let's check in and check out market reaction. >> one hour into european trading session. 73 declining outpacers. ftse 100 down 1.5% yesterday. down 0.5%. dragged yesterday by u.s. disappointing. the xet ra dax down 0.3%. ibex down after a good rise in july. keep your eye on bond rates. yesterday we had a nice rally in spain on two-year. ten-year, 6.62%. that's slightly higher on the sess
CNBC
Sep 26, 2012 1:00pm EDT
be linked to inflation. just like here in the united states social security rises automatically if there is an increase in inflation. that happens in spain as well. they are talking about eliminating that. the european union woversiton w that. rajoy didn't say it today. >> thank you both. here now to talk about how the market is being impacted, joe tanius, the global market strategist from jpmorgan asset management, joins me now. is it remarkable that we are not seeing more vehement reaction in the equity side of things to the visuals we are seeing from greece and spain? >> right. i think if you take a step back, think about europe, we continue to take two steps forward and one step back. at the end of the day the ecb providing support and announcing the program is really a game-changing event. you are eliminating some extreme tail risk but at the end of the day clearly the anti-austerity movements are getting louder, causing unrest. >> what does it do for interest rates at home? we saw a reaction in the currency markets with the euro moving smartly on the day and also our bond
CNBC
Sep 13, 2012 4:00am EDT
in france, germany, the uk and the bae largest customer, the united states. so where do we go from here? katherine boyle joins us, she's been writing about this online. a very good morning to you. let's talk about the impediments to something getting done. which is the biggest one in your opinion? >> well, i don't think you're going to see much political interference actually because i've heard from sources that in fact the main government evolved in the european side have all been consulted off the record and have given the nod. of course that didn't mean that there aren't other governments that could cause some trouble. as you mentioned, be have boeing, but we also have lockheed martin and northrup who are even bigger players in the defense market. >> and it raises the question is it a bigger deal for civilian air space market or defense. and obviously it's defense. >> the u.s. defense market which is still the world's biggest by several multiples. and why there's been a lot of noise about saudi arabia and china and other countries which are sort of bunch onin burgeoni. >> they need t
CNBC
Sep 26, 2012 9:00am EDT
there and are you independent of what happens in the united states as a bank? >> yes, we are focused on the market. even though we have a bank operation, and asset management business, too. and insurance, too. retail banking is the most important at the moment. >> your parent company, santander, still owns 75% of you. it's a bank that needs money, that's why you're going through the ipo. how do i know as an investor that santander won't flood the market with further stock going down the line? >> well, santander has a strategy, a list of different banks in the local markets. to have more community with the markets. and even though we have that company, santander is doing great in retail banking. decisions that are better for the mexican market. >> can you prevent them from selling the other 75% of your bank on the market? >> yeah, they have decided to sell a part because mexico is a very good investment for the group and is one of the main sources of profit and is good for the group. >> before we let you go, mexico's been through many, many debt crises. what is their view of how europe is handling
CNBC
Sep 24, 2012 9:00am EDT
economic growth in the united states. you talk about it all the time on cnbc. you have policy people on. but really what we need to do is get government out of the way. this entrepreneur thing happens on its own by its own volition as long as tax policy is correct. that's what they were talking about. you get situations like entrepreneurs that become very successful, fror instance, zuckerberg and some of the millionaires he's created are splitting off and investing their own. they don't just sit on their cash, buy a yacht and sail around the world. >> why is one of the big platforms of this election that very issue regarding tax policy? it seems so self-evident to people we rub shoulders with on this trading floor but not to the population at large. >> they think it's gets muddied. if you talk about the capital gains tax. there was a guest on earlier today that says, what's it mean to somebody making $50,000? lowering the capital gains tax to somebody like that is the most important thing you can do because corporations are going to create jobs. people invest in start-ups that can creat
CNBC
Sep 12, 2012 4:00am EDT
bag. i mean, the math is done a little bit differently in the united states, you having done a ph.d. at harvard. they are taking care of the problem, aren't they? they are in the process? >> well, they are talking about it. i don't think they are doing any meaningful things, because in the u.s. political system, you really have to have the president, the white house, and the congress working together. and currently, the two parties are not even talking the same language oftentimes. so i do hope whatever the outcome of the presidential election in the u.s., the two parties, the administration and the parliament, the congress should work together. >> yeah, their philosophies are farther apart than ever. it's two different americas. what are you saying then? you're saying with the prospect of still a possible qe3, that a serious debasement of the dollar devaluation -- almost like a deliberate devaluation of the dollar is going to enter the conversation here? is that what you're alluding to? >> no. what i'm saying is the u.s. financial crisis is a monumental, historical event. the con
CNBC
Sep 10, 2012 9:00am EDT
a month or so and you see iron ore stocks, you see machinery stocks in the united states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking about a recovery -- the local investors do seem to be more excited by this new story than we've seen for some period of time. particularly noting that cement stocks rallied quite hard today in shanghai. so that is interesting that the local investors are somewhat more enthused about this story than we've seen for months. >> okay. adrian, thank you so much for phoning in. we appreciate it. adrian mowat of jpmorgan. >>> it's interesting this morning that stocks are essentially hanging on to the sharp gains that they made last w
Search Results 0 to 32 of about 33 (some duplicates have been removed)